***** Cat Republicans

[MACAULAY]

Actually ***** Republicans.

Complete cave to Socialists/Bolsheviks on extending debt limit.

They won't stop "kicking the can down the road" until we have Term Limits.

The Bunny Ranch Wishes it had as many Pussies at work as the Republican Caucas in Congress does.

 

[NightFox]

They won't stop "kicking the can down the road" until we have Term Limits.

IMHO they won't stop "kicking the can down the road" until either the debt service becomes completely unmanageable and forces some very politically tough budgetary choices be made or the dollar collapses, whichever comes first. Right now they don't give a damn because the general consensus among Congress Critters is that the shit isn't going to hit the fan until they're long gone from office. Of course they all ignore the ever increasing risk that a trigger (e.g. a failed Fed auction) will cause a crisis before they're gone and they'll be stuck having to deal with a series of massive financial problems all at once.

IMHO Term limits isn't going to help that situation, in fact it's likely to make it worse since it just makes Congress Critters even more apt to think SHORT term, as long as the duopoly of Dickheads and Retards reigns supreme term limits are a red herring.

 

[whitehall]

The problem for republicans is that they will always be blamed even if socialist/bolshevik democrats shut down the government. The DOW has gone crazy and President Trump has barely 100 days in office with only half of his appointments thanks to socialist/bolshevik obstructionist democrats so the economy is likely to soar in the next year or two. Contrast it to the socialists in the media and the democrat party saying virtually nothing when Hussein showered boxcars of a billion dollars on Iran for no reason that anybody could figure out.

 

[JakeStarkey]

As long as whitehall, nightfox, macaulay and that ilk are unhappy with Congress, life is good.

oh, w'hall, following legislative rules is not obstruction. Ask Mitch.

 

[NightFox]

The DOW has gone crazy and President Trump has barely 100 days in office with only half of his appointments thanks to socialist/bolshevik obstructionist .

Trump deserves a very LITTLE bit of credit for the equity markets performance since the election, the "Trump Trade" as Wall Street likes to call it is based on EXPECTATIONS of health care reform, tax reform and deregulation, the only thing that Trump has actually done since he's been in office is a LITTLE bit of deregulation using the CRA, in other words he's removed a couple of shovel fulls of dirt from the top of the Mount Everest of the Federal Register.

U.S. Equities performance since the election have been primarily based on earnings and easy YoY comparisons and earnings growth for the SP 500 has come primarily from overseas (46% of SP 500 Earnings come from Overseas) since U.S. growth has been anemic and is lagging behind the rest of the globe.

As far as how Trump policies might affect domestic growth going forward:

* Health Care reform: *might* happen but likely won't involve much Obamacare REPEAL
* Tax reform: The Administration's bullet point list (what they released isn't anything that could be construed as a "plan") isn't likely to go anywhere as is and will require significant modification to have any hope of becoming law and getting there will be a long, arduous process.
* Deregulation: All the bullets that can fired from EO's under the CRA are done, going forward it will take legislative action to accomplish any significant regulatory alterations so I don't expect a whole lot this year.

Even Mnuchin thinks that 3% growth in the U.S. will take at least two years so don't expect the economy "to soar" any time soon, it's likely to be (at best) slow growth (2% ish) for the foreseeable future.